Hologic, Inc. (HOLX) Solid Choice From Multiple Angles?

Principal Accounting Officer Cohn Benjamin Jordan sold 10,000 shares in Hologic, Inc. (NASDAQ:HOLX) for $14,993 in transaction occurred on 2018/11/30. After making this transaction, the Principal Accounting Officer owns a direct stake of 444,900 shares, worth $648,447, as per the last closing price. On 2018/11/28 Stamoulis Christiana, Director at HOLX, dumped 13,257 shares at an average price of $44.5 per share. The selling total is valued at $1,515,437.

Separately, it had been reported that some other HOLX insiders also took part of the insider trading activity. SVP, Human Resources, Bebo Allison P had divested 6,500 shares for $24,736 through a trade on 2018/11/16. Following this activity, the insider holds 273,000 shares worth $1,069,832 as of recent close. Wall Street’s most bullish Hologic, Inc. (NASDAQ:HOLX) analysts are predicting the share price to blow past $50 per share during the next 12 months. The current median share price forecast by them is $45.5, suggesting that the stock could increase 5.2% in that time frame. The average price target of $45.75 calls for a nearly 5.78% increase in the stock price.

Hologic, Inc. (HOLX) trading activity significantly improved as the volume at ready counter increased to 3,500,285 shares versus 2,550,040 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,307,635 shares. The share price dropped -1.48% in recent trade and currently has a stock-market value of $12.51B. The shares finished at $43.25, after trading as low as $42.58 earlier in the session. It hit an intraday high Thursday at $43.36. The stock is now 23.22% above against its bear-market low of $35.1 on May 03, 2018. It has retreated -4.44% since it’s 52-week high of $45.17 reached in December. Now the market price is up 3.25% on the year and up 1.17% YTD.

HOLX’s 50 day simple moving average (SMA 50) price is $41.11 and its 200-day simple moving average (SMA 200) price is $39.7. The company’s stock currently has a total float of 288.03M shares. Its weekly volatility is hovering around 1.86% and felt 2.53% volatility in price over a month. On the upside, the share price will test short term resistance at around $43.55. On a downside, the stock is likely to find some support, which begins at $42.77. The failure to get near-term support could push it to $42.28.

It had seen a new analyst call from UBS, which initiated the stock at Neutral on October 09. Analysts at BofA/Merrill, shed their positive views on September 13 by lowering it fromBuy to Neutral. Brokerage firm Needham, looks cautious as they stick to prior recommendation of Buy, in a call on August 01. However, they did change the target price from $43 to $48.

Moreover, it trades for 16.54 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.85x price/book and 3.89x price/sales. Compared to others, Hologic, Inc. is in a different league with regards to profitability, having net margins of -3.5%. To put some perspective around this, the industry’s average net margin is -2.23%. HOLX’s ROE is -4.2%, which is also considerably worse than the industry’s ROE of 15.55%. It’s also very liquid in the near term, with a current ratio of 1.2. The stock has a debt/capital of 1.37.

Shares of Hologic, Inc. (HOLX) have gained 6.4% since the company’s Sep-18 earnings report. Over the past 12 fiscal quarters, Hologic, Inc. (NASDAQ:HOLX) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 1 quarters (8%), whereas at 1 occasion EPS met analyst expectations. HOLX last reported earnings on November 07, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.58 per share, -19.44% change on the same period last year. That was worse than consensus for $0.58. Revenue for the recent quarter stood at $813.5 million, up 1% on last year and above the $806.55 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $797 million to $815 million, which should be compared with $0 generated last year.